The market should have understood the announcement given that the following is an extract from the Chairman's statement inside the 2019 financial report:
"Although the lower Australian dollar increases ARB's offshore revenue opportunities in the short term it has a significant impact on the cost of the Company's Thai manufactured product and negatively impacts sales margins. The Company is taking measures to offset the increased cost but the exchange rate will continue to affect the Company's performance throughout the first half of the new financial year".
It's this sort of clarity and forward thinking that has been a major attribute of this organisation for years that enables the market to remain, by and large, comfortable with any announcements they make.
The market should have understood the announcement given that...
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$37.99 |
Change
-0.650(1.68%) |
Mkt cap ! $3.127B | |||
| Open | High | Low | Value | Volume |
| $38.35 | $38.72 | $37.68 | $4.534M | 118.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 198 | $37.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.00 | 631 | 10 |
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| Last trade - 15.38pm 19/06/2024 (20 minute delay) ? |
| ARB (ASX) Chart |